How to Lend MultiversX (EGLD)

Introduction

Lending MultiversX can be an excellent choice for those looking to hold EGLD while earning APY. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire MultiversX (EGLD) Tokens

   To lend MultiversX, you first need to possess it. To acquire MultiversX, you'll have to buy it. You can select from these well-known exchanges.

   Plattform	Kryptowährung	Price
   PrimeXBT	MultiversX (EGLD)	6,2 APY
   YouHodler	MultiversX (EGLD)	6,19 APY
   Binance	MultiversX (EGLD)	6,2 APY
   BTSE	MultiversX (EGLD)	6,21 APY
   Coinbase	MultiversX (EGLD)	6,21 APY
   Kraken	MultiversX (EGLD)	6,19 APY

   View all 53 prices

2. 2. Select a MultiversX provider

   Once you have EGLD, you'll need to select a MultiversX lending platform to lend your tokens. You can explore some options here.

   Plattform	Kryptowährung	APY
   YouHodler	MultiversX (EGLD)	Up to 16 % APY
   Bitget	MultiversX (EGLD)	Up to 0,3 % APY
   Kucoin	MultiversX (EGLD)	Up to 6 % APY

   View all 5 lending APY rates

3. 3. Lend Your MultiversX in Germany

   Once you've selected a platform to lend your MultiversX, transfer your MultiversX into your wallet on the lending platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform offers compounding interest to maximize your returns.

What to Consider

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.